Future Market Insights (FMI) predicts the sales of cannabid oil (CBD) oil market to total US$ 284.2 million by the end of 2021. As per the study, demand will continue rising, enabling the market to exhibit a compound annual growth rate (CAGR) of 31.50% annually, through 2031.
The analysts at Future Market Insights (FMI) followed a multidisciplinary approach during the pandemic to study the growth and development of the CBD Oil Market. The report features insights on the current growth dynamics and the major revenue reforms prevailing in the market as of 2020 along with the key takeaways over the forecast period 2021 to 2030.
The team of researchers at Future Business Insights are focussing on research and market study to produce different CBD Oil Market forecasts and predictions at both national and international levels. They have considered several leads of information pertaining to the industry like market figures and merger estimations to assess and produce reliable and informative insights on the CBD Oil Market.
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Key Players
CV Sciences, Medical Marijuana, Aurora Cannabis, Canopy Growth Corporation, Canntrust, Tilray, and Kazmira LLC are the top companies operating in the market.
Segmentation
The report provides insights on the important highlights and current trends prevailing in the market. This helps the readers to gain a deeper understanding and form an unbiased opinion on the market. Numerous segmentations have been provided for this market based on:
Product Type:
- Hemp Oil
- Marijuana Oil
Application:
- Pharmaceuticals
- Food & Beverages
- Gummies
- Chewing Gums
- Chocolate bars
- Candies
- Beverages
- Dairy Products
- Bakery Products
- Snacks
- Cosmetics
- Others
Distribution Channel:
- Direct/B2B
- Indirect/B2C
- Hospital Pharmacy
- Retail Pharmacy
- Hypermarkets/Supermarkets
- Convenience Store
- Online Retail
- Others
Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa
Queries Solved
- What is the size of the overall CBD Oil Market in the Food and Beverage Market and its segments?
- What are the key segments and sub-segments in the market?
- What are the key drivers, restraints, opportunities, and challenges of the CBD Oil Market in the Food and Beverage Market, and how they are expected to impact the market?
- What are the attractive investment opportunities within the CBD Oil Market in the Food and Beverage Market?
- What is the CBD Oil Market in the Food and Beverage Market size at the regional and country-level?
- What are the key market players focusing on?
- What are the strategies for growth adopted by the key players in CBD Oil Market in the Food and Beverage Market?
- What are the recent trends in CBD Oil Market in the Food and Beverage Market? (M&A, partnerships, new product developments, expansions)?
- What are the challenges to the CBD Oil Market in the growth of the Food and Beverage Market?
- What are the key market trends impacting the growth of the CBD Oil Market in the Food and Beverage Market?
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Frequently Asked Questions
- What is the current valuation of CBD oil market?
- At what rate did the CBD oil market expand in the last five years?
- What are the key trends shaping the CBD oil market?
- What is the Demand Outlook for the CBD oil Market?
- What is the North America CBD oil market outlook?
- Who are the leading companies in CBD oil market?
- What is the cumulative share of top companies in CBD oil market?
- At what rate will CBD oil sales increase in Europe?
- Which are the top five countries driving CBD oil market demand?
- What are the key statistics for CBD oil market in South Korea?
